Layer 2 Blockchains Like Prometeus, Mantle, Nearly Equal Bitcoin Gains. But Are The L2 Players Worth The Investor Risk Now?
Portfolio Pulse from Kenneth Rapoza
The article discusses the performance of Layer 2 (L2) blockchain protocols compared to Bitcoin over the past year. Prometeus and Mantle have shown significant gains, while others like Arbitrum and Polygon have lagged. Ethereum's L2 solution, Dencun, has underperformed, leading to a shift in investor interest towards alternative blockchains.
May 29, 2024 | 6:08 pm
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The Invesco QQQ Trust has gained 31.67% over the past year, significantly less than the top-performing Layer 2 blockchain protocols.
The article compares the performance of QQQ to Layer 2 blockchain protocols, highlighting that QQQ's gains are significantly lower. However, this does not directly impact QQQ's short-term price.
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